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Kayne Anderson Energy Development Company (NYSE:KED)
EV/EBIT
7.30 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its EBIT. As of today, Kayne Anderson Energy Development Company's enterprise value is $335.76 Mil. Kayne Anderson Energy Development Company's operating income for the trailing twelve months (TTM) ended in Feb. 2012 was $5.34 Mil. Therefore, Kayne Anderson Energy Development Company's EV/EBIT ratio for today is 7.30.

KED' s 10-Year EV/EBIT Range
Min: 0   Max: 0
Current: 7.3

KED's EV/EBITis ranked higher than
74% of the 990 Companies
in the Global Asset Management industry.

( Industry Median: 13.50 vs. KED: 7.30 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Kayne Anderson Energy Development Company's enterprise value for the quarter that ended in Feb. 2012 was $317.89 Mil. Kayne Anderson Energy Development Company's Operating Income for the trailing twelve months (TTM) ended in Feb. 2012 was $5.34 Mil. Kayne Anderson Energy Development Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2012 was 1.68%.


Definition

Kayne Anderson Energy Development Company's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Operating Income (TTM)
=335.763/5.343
=62.84

Kayne Anderson Energy Development Company's current Enterprise Value is $335.76 Mil.
Kayne Anderson Energy Development Company's Operating Income for the trailing twelve months (TTM) ended in Feb. 2012 was 2.915 (May. 2011 ) + 0.518 (Aug. 2011 ) + 1.033 (Nov. 2011 ) + 0.877 (Feb. 2012 ) = $5.34 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Kayne Anderson Energy Development Company's Earnings Yield (Joel Greenblatt) for the quarter that ended in Feb. 2012 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Feb. 2012 )=Operating Income (TTM)/Enterprise Value (Q: Feb. 2012 )
=5.343/317.8926
=1.68 %

Kayne Anderson Energy Development Company's Enterprise Value for the quarter that ended in Feb. 2012 was $317.89 Mil.
Kayne Anderson Energy Development Company's Operating Income for the trailing twelve months (TTM) ended in Feb. 2012 was 2.915 (May. 2011 ) + 0.518 (Aug. 2011 ) + 1.033 (Nov. 2011 ) + 0.877 (Feb. 2012 ) = $5.34 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Enterprise Value, Operating Income, Earnings Yield (Joel Greenblatt)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Kayne Anderson Energy Development Company Annual Data

Nov07Nov08Nov09Nov10Nov11
ev2ebit 0.000.000.000.000.000.000.000.000.0063.66

Kayne Anderson Energy Development Company Quarterly Data

Nov09Feb10May10Aug10Nov10Feb11May11Aug11Nov11Feb12
ev2ebit 0.000.000.000.000.000.0091.3281.9663.6659.44
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